David and Natasha Sharpe at the Bridging Finance Toronto offices in 2019. The husband and wife were found guilty of investment fraud last year.

Ontario’s securities regulator said it has filed applications seeking to force David and Natasha Sharpe into bankruptcy and appoint a trustee over their assets, after the husband-and-wife team who once ran Bridging Finance Inc. failed to pay millions of dollars in sanctions.

The Ontario Capital Markets Tribunal, an independent division of the Ontario Securities Commission, in June ordered Mr. and Ms. Sharpe to pay more than $27-million for their role in defrauding investors.

That figure includes $20.8-million to be returned to investors through what’s known as a disgorgement order, as well as more than $5.5-million of administrative penalties.

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